Published on 3/28/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $670,000 uncapped accelerated barrier notes on Dow, Russell, Nasdaq
Chicago, March 29 – JPMorgan Chase Financial Co. LLC priced $670,000 of 0% uncapped accelerated barrier notes due Feb. 29, 2024 linked to the least performing of the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.75 times the return of the worst performing index.
If any index falls but each index finishes at or above the 80% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the worst performing index.
The agent is J.P. Morgan Securities LLC.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Uncapped accelerated barrier notes
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Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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Amount: | $670,000
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Maturity: | Feb. 29, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above its initial level, par plus 1.75 times the return of the worst performing index; if any index falls but all indexes finish at or above the barrier level, par; otherwise, investors will be fully exposed to the decline of the worst performing index
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Initial index levels: | 31,537.35 for Dow, 13,194.71 for Nasdaq and 2,231.314 for Russell
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Barrier levels: | 25,229.88 for Dow, 10,555.768 for Nasdaq and 1,785.0512 for Russell; 80% of initial levels
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Strike date: | Feb. 23
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Pricing date: | Feb. 25
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Settlement date: | March 2
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.75%
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Cusip: | 48132RH86
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